DLBMX vs. WESCX

Last updated Jun 24, 2026

DLBMX (MassMutual Small Cap Opportunities Fund) and WESCX (TETON Westwood SmallCap Equity Fund) are both Small Cap Blend Equities funds. Over the past 10 years, DLBMX returned 15.23%/yr vs 15.28%/yr for WESCX. Their correlation of 0.90 suggests significant overlap in exposure. DLBMX charges 1.20%/yr vs 1.25%/yr for WESCX.

Performance

DLBMX vs. WESCX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MassMutual Small Cap Opportunities Fund (DLBMX) and TETON Westwood SmallCap Equity Fund (WESCX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DLBMX achieves a 17.27% return, which is significantly lower than WESCX's 32.76% return. Both investments have delivered pretty close results over the past 10 years, with DLBMX having a 15.23% annualized return and WESCX not far ahead at 15.28%.

DLBMX

• 1D: 0.47%
• 1M: 5.36%
• YTD: 17.27%
• 6M: 14.56%
• 1Y: 27.42%
• 3Y*: 16.82%
• 5Y*: 14.58%
• 10Y*: 15.23%

WESCX

• 1D: 0.25%
• 1M: 6.40%
• YTD: 32.76%
• 6M: 30.29%
• 1Y: 66.46%
• 3Y*: 25.91%
• 5Y*: 12.97%
• 10Y*: 15.28%

*Multi-year figures are annualized to reflect compound growth (CAGR)

DLBMX vs. WESCX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DLBMX MassMutual Small Cap Opportunities Fund	17.27%	8.07%	12.30%	17.43%	-16.19%	64.90%	19.75%	25.54%	-11.14%	13.90%
WESCX TETON Westwood SmallCap Equity Fund	32.76%	17.26%	15.48%	12.61%	-12.48%	29.72%	10.93%	28.43%	-13.71%	15.82%

Correlation

The correlation between DLBMX and WESCX is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.90
Correlation (3Y) Calculated over the trailing 3-year period	0.93
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (10Y) Calculated over the trailing 10-year period	0.93
Correlation (All Time) Calculated using the full available price history since Jul 13, 1998	0.90

The correlation between DLBMX and WESCX has been stable across timeframes, ranging from 0.90 to 0.94 - a consistent structural relationship.

Return for Risk

DLBMX vs. WESCX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DLBMX

DLBMX Risk / Return Rank: 39
DLBMX Sharpe Ratio Rank: 37
DLBMX Sortino Ratio Rank: 37
DLBMX Omega Ratio Rank: 34
DLBMX Calmar Ratio Rank: 41
DLBMX Martin Ratio Rank: 45

WESCX

WESCX Risk / Return Rank: 94
WESCX Sharpe Ratio Rank: 97
WESCX Sortino Ratio Rank: 92
WESCX Omega Ratio Rank: 86
WESCX Calmar Ratio Rank: 97
WESCX Martin Ratio Rank: 97

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DLBMX vs. WESCX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MassMutual Small Cap Opportunities Fund (DLBMX) and TETON Westwood SmallCap Equity Fund (WESCX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	DLBMX	WESCX	Difference
Sharpe ratio: Return per unit of total volatility	1.63	3.27	-1.64
Sortino ratio: Return per unit of downside risk	2.36	4.26	-1.90
Omega ratio: Gain probability vs. loss probability	1.28	1.55	-0.27
Calmar ratio: Return relative to maximum drawdown	2.33	6.77	-4.44
Martin ratio: Return relative to average drawdown	8.96	24.81	-15.84

DLBMX vs. WESCX - Sharpe Ratio Comparison

The current DLBMX Sharpe Ratio is 1.63, which is lower than the WESCX Sharpe Ratio of 3.27. The chart below compares the historical Sharpe Ratios of DLBMX and WESCX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

DLBMX vs. WESCX - Drawdown Comparison

The maximum DLBMX drawdown since its inception was -65.12%, smaller than the maximum WESCX drawdown of -70.60%. Use the drawdown chart below to compare losses from any high point for DLBMX and WESCX.

Drawdown Indicators

	DLBMX	WESCX	Difference
Max Drawdown Largest peak-to-trough decline	-65.12%	-70.60%	+5.48%
Max Drawdown (1Y) Largest decline over 1 year	-12.42%	-10.19%	-2.23%
Max Drawdown (3Y) Largest decline over 3 years	-24.84%	-26.22%	+1.38%
Max Drawdown (5Y) Largest decline over 5 years	-29.39%	-26.22%	-3.17%
Max Drawdown (10Y) Largest decline over 10 years	-42.55%	-45.13%	+2.58%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-10.19%	-20.12%	+9.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.22%	2.78%	+0.44%

Volatility

DLBMX vs. WESCX - Volatility Comparison

The current volatility for MassMutual Small Cap Opportunities Fund (DLBMX) is 5.50%, while TETON Westwood SmallCap Equity Fund (WESCX) has a volatility of 6.31%. This indicates that DLBMX experiences smaller price fluctuations and is considered to be less risky than WESCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DLBMX	WESCX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.50%	6.31%	-0.81%
Volatility (6M) Calculated over the trailing 6-month period	13.35%	14.49%	-1.14%
Volatility (1Y) Calculated over the trailing 1-year period	17.73%	21.13%	-3.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.72%	21.71%	+10.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.22%	23.75%	+4.47%

DLBMX vs. WESCX - Expense Ratio Comparison

DLBMX has a 1.20% expense ratio, which is lower than WESCX's 1.25% expense ratio.

Dividends

DLBMX vs. WESCX - Dividend Comparison

DLBMX's dividend yield for the trailing twelve months is around 8.62%, more than WESCX's 5.65% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DLBMX MassMutual Small Cap Opportunities Fund	8.62%	10.11%	9.33%	4.73%	0.88%	35.42%	7.82%	0.46%	11.94%	13.55%	3.14%	11.15%
WESCX TETON Westwood SmallCap Equity Fund	5.65%	7.50%	27.81%	2.81%	1.60%	5.60%	0.01%	4.66%	14.77%	9.13%	9.32%	18.92%

Frequently Asked Questions

Can I hold both DLBMX and WESCX in my portfolio?

With a correlation of 0.90, DLBMX and WESCX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, DLBMX or WESCX?

WESCX has higher volatility (6.31%) compared to DLBMX (5.50%). In terms of maximum drawdown, DLBMX dropped -65.12% vs WESCX's -70.60%.

Which has better risk-adjusted returns?

WESCX currently has the higher Sharpe Ratio (3.27 vs 1.63), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.